HERSHEY TRUST CO
Long book
$11.76B
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
-11.7%
SPY +14.8%
Turnover
40%
of book per quarter
Strategy in plain words
auto-generated from filingsHERSHEY TRUST CO is a diversified fundamental manager, specialised in consumer_staples (100% of the long book), running a $11.76B US long book across 3 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: HERSHEY COMPANY CLASS B, HERSHEY CO/THE, SAMSARA INC-CL A.
Over the last 9 quarters its long book ran on average 4pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-4.8%
Q2 2024
+5.1%
Q3 2024
-11.0%
Q4 2024
+1.8%
Q1 2025
-2.1%
Q2 2025
+13.6%
Q3 2025
-2.0%
Q4 2025
+15.0%
Q1 2026
-11.7%
Sector allocation
Consumer staples 100%
Technology 0%
Long book by quarter
What does HERSHEY TRUST own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 3 | $11.76B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 5 | $10.31B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 8 | $10.61B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 6 | $9.41B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 6 | $9.71B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 5 | $9.60B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 2 | $10.87B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 3 | $10.42B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 5 | $11.03B | canonical | SEC ↗ |